Socioeconomic Impact of Microfinance on Borrowers: A Case Study of NRSP Bank Minchanabad
Pakistan Journal of Humanities and Social Sciences, Vol. 3, No. 1, January-June 2015
21 Pages Posted: 14 Jan 2016
Date Written: 2015
The present study investigates impact of Microfinance (NRSP Bank) on socioeconomic status of Borrowers living in Minchanabad District, Pakistan. For this purpose, primary data of 60 respondents is collected through Questionnaire using Stratified random sampling technique. The study concludes positive influence of Microfinance on income, health, education of children, living standards and businesses of borrowers. The problems faced by borrowers are high interest rate and difficult procedure to apply for a loan.
Keywords: Microfinance, Income, Health, Education, NRSP Bank, Primary Data, Minchanabad tehsil
JEL Classification: C83, D31, I10, I20, Y10
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